Meet the newest member of the credit union Billionaires Club: Workers’ Credit Union in Fitchburg, Mass.
The Fitchburg, Mass.-based credit union reaches the $1B milestone, celebrates 100 years and pays out its first annual dividend.
Mortgage CUSO connects members to Realtors and keeps credit unions in the purchase loop.
The $1 billion Eli Lilly FCU boosted purchase mortgage volume by reaching out to local real estate agents.
"We have a working coast, not second or vacation homes," state insurance commissioner says.
The top 25 mortgage lenders recently reported only 29,912 preapprovals resulted in mortgages used in a home purchase in 2012, according to data from the Federal Financial Institutions Examinations Council. That figure is down from 101,626 in 2007.
In South Florida, 69% of all home sales this summer were cash, with a statewide rate of 66% according to data from RealtyTrac.
Mortgage Bankers Association says 25% of home sales currently are cash deals.
White paper from CU Realty Services seeks to reassure credit unions about working with Realtors to build purchase money loan business.
America’s First Federal Credit Union, Birmingham, Ala., has appointed Audra Weber as the new vice president of human resources and training. Weber has been with America’s First since 2011 and was formerly the assistant vice president of human resources. . .